Exxon Mobil Co. (NYSE:XOM) Shares Sold by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,952 shares of the oil and gas company’s stock after selling 1,635 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Exxon Mobil were worth $5,621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shum Financial Group Inc. acquired a new position in Exxon Mobil during the third quarter worth approximately $942,000. Principal Street Partners LLC grew its position in shares of Exxon Mobil by 94.1% during the third quarter. Principal Street Partners LLC now owns 22,575 shares of the oil and gas company’s stock worth $2,600,000 after acquiring an additional 10,944 shares during the last quarter. Avestar Capital LLC increased its holdings in shares of Exxon Mobil by 6.1% in the 3rd quarter. Avestar Capital LLC now owns 24,617 shares of the oil and gas company’s stock valued at $2,886,000 after acquiring an additional 1,423 shares during the period. Brooklyn Investment Group raised its position in Exxon Mobil by 36.8% in the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after purchasing an additional 6,753 shares during the last quarter. Finally, FMR LLC boosted its stake in Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock worth $17,801,457,000 after purchasing an additional 395,218 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Morgan Stanley lowered their target price on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, TD Cowen lifted their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.21.

Exxon Mobil Price Performance

Shares of XOM stock traded down $1.17 during midday trading on Tuesday, reaching $118.80. 2,887,372 shares of the company traded hands, compared to its average volume of 16,247,773. The firm’s 50 day simple moving average is $119.53 and its two-hundred day simple moving average is $116.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market cap of $522.14 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 5.10 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 7.96 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.